US company shows interest in Tamorkhola hydelNepalnews, 16-Dec-09
A US based development company has shown interest in the construction of the 500 MW Tamorkhola hydro-electric project located in the border of Taplejung and Tehrathum, Kantipur daily reported.
Representatives of Hillsdale Group, incorporated in Alexandria, US, has met with energy minister Prakash Sharan Mahat, energy secretary Shankar Prasad Koirala and chief of Nepal Electricity Authority (NEA) Jeevendra Jha and expressed its interest on the project.
The group also queried about the legal procedure and investment environment in Nepal. The chairman and Chief Executive Officer (CEO) of the group is S.M. Sainju, a Nepali doing business in the States for 20 years.
The group has also met with UCPN (Maoist) chairman Pushpa Kamal Dahal, CPN (UML) chairman Jhala Nath Khanal and Nepali Congress vice president Ram Chandra Poudel and discussed the project.
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